The Daily Raise/September 28, 2026
Monday, September 28, 2026
7 startup funding rounds surfaced since our last edition, $80.5M raised in total. Modulate tops the day with $25M, led by Future Ventures. The ranking runs all the way down to $700K, with startups from United States, Saudi Arabia, Italy, India.
The rounds leading today's news · 5 rounds
No. 1
$25M
Amount raised
Audio AI·United States·Sep 28
Modulate is Develops AI models for voice understanding, transcription, and deepfake detection.
Modulate raised $25 million to develop audio-native AI models and expand its developer and partner ecosystems. The round was led by Future Ventures, with participation from Hyperplane, Lakestar.
No. 2
$22M
Amount raised
Series A·Fintech·Saudi Arabia
erad is Provides Shariah-compliant working-capital financing to SMEs.
erad raised a Series A to develop financing products, expand across the GCC and grow its technology and commercial teams. The round was led by MEVP, with participation from 500 Global, Saudi Venture Capital (SVC), S60 Ventures.
No. 3
$15.4M
Amount raised
Regulatory compliance SaaS·Italy·Sep 28
Complaion is Helps SMEs manage certifications and navigate regulatory compliance requirements.
Complaion raised €13.5 million led by Eurazeo and Italian Founders Fund to expand its team, develop its technology and grow internationally. The round was led by Eurazeo, with participation from Italian Founders Fund, Shapers, 2100 Ventures.
No. 4
$10.4M
Amount raised
Series B·Agricultural machinery·India
Balwaan Krishi is Makes agricultural equipment for small and marginal Indian farmers.
Balwaan Krishi raised a Series B led by First Bridge India Growth Fund to expand manufacturing, dealer networks and connected farm equipment development. The round was led by First Bridge India Growth Fund Private Equity, with participation from other institutional investors.
No. 5
$5M
Amount raised
Series A·Beauty and consumer products·United Arab Emirates
Amaani is Builds Middle Eastern beauty brands inspired by regional ingredients and traditions.
Amaani raised a Series A led by BECO Capital to expand AÏZA across the GCC and invest in products, talent and technology. The round was led by BECO Capital, with participation from Homegrown Ventures, Peak XV's Surge.
Growth, Series A and everything in between · 2 rounds
No. 6
$2M
Amount raised
Pre-Seed·DefenceTech·Estonia
DOD Solution is Develops onboard AI autonomy for unmanned systems and drones.
DOD Solution raised €1.8 million to accelerate development and scaling of its AURA AI autonomy platform. The round was led by Angel One Fund, with participation from Better Angle, Defence Builder Fund, Network VC.
No. 7
$700K
Amount raised
Pre-Seed·AI application development·Estonia
bilt.me is Uses AI to turn user ideas into native mobile applications.
bilt.me raised $700,000 in pre-seed funding led by Superhero Capital to support global expansion and further product development. The round was led by Superhero Capital, with participation from Markus Villig, Martin Sokk.
Listed companies, debt and other financings outside the startup ranking.
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